There are many philanthropic giving options that an organization can explore, depending on the resources available and the timeframe for allocation of resources. Below is a sample of some of the philanthropic options that an organization can consider when determining how it would like to engage in philanthropic giving:
Company-sponsored foundations are separate legal entities that maintain close ties with the parent organization and often reflect or compliment a company's business interests.
These foundations often limit their support to organizations that provide programming, services or benefits to their employees, their employees' families or the communities in which the company operates.
Find resources to help your organization explore options related to company-sponsored foundations.
Company giving programs enable an organization to deduct up to 10% of its pre-tax income for direct charitable contributions (including giving to the company-sponsored foundation.) In addition to direct cash contributions to charitable organizations, a company giving program can also be defined through matching funds or in-kind contributions.
Matching funds are contributions from an employer that match or augment the contributions to a charitable organization made by the organization's employees. These contributions can be designed to exactly match the level of employee donation (usually referred to as a one-to-one matching fund) or to reflect an alternative level of contribution (for example, two-to-one matching funds indicate that the organization will double the employee's contribution.) The level of match and requirements for eligibility is determined by the organization making the contribution.
Matching funds can also be designed as a financial contribution to match the determined value of an employee's volunteer efforts.
Click here to link to resources to help your organization explore options related to matching funds programs.
In-kind contributions are contributions of equipment, supplies or time, and do not include cash contributions. Examples of in-kind contributions include:
In-kind contributions can also be interpreted through an organization's policy to allow employees paid time-off when performing volunteer work.
Click here to link to resources to help your organization explore options related to in-kind contributions.
